5 thoughts on “palm beach jewelry wholesale Is Bitcoin a Ponzi scam?”

  1. sterling jewelry supplies wholesale No, but it seems difficult to explain a few simple sentences. The following articles in ARK are studied together
    Id the common Bitcoin myth

    has been founded for more than 11 years since its establishment. We are trying to get a wide range of institutional recognition. Although constructive criticism is healthy, ARK believes that some influential financial research institutions are refuted Bitcoin based on old information, inconsistent arguments and defective analysis.
    In view of Goldman Sachs's recent position on Bitcoin, ARK is re -considered the most common misunderstanding, which affects its acceptance. We look forward to participating in the health and educational debates about Bitcoin, and the important role we think Bitcoin should play in a diversified investment portfolio.
    ark believes that some influential financial research institutions are refuting Bitcoin based on outdated information, inconsistent arguments and defective analysis.
    Declaration: Bitcoin fluctuates too much and cannot act as value storage. Condition
    : The volatility of Bitcoin highlights the reputation of its monetary policy.
    The critics often pointed out that Bitcoin's volatility is "valuable storage transaction destroyer". Why would someone want to store the price of assets in such a fierce fluctuation of the daily price?
    We believe that these critics do not understand why Bitcoin fluctuates, and why Bitcoin's volatility may be reduced.
    although the fluctuations of Bitcoin disperse the attention of the opponent to evaluate its role as a value storage tool, but in fact, it highlights the reputation of its monetary policy. The impossible trinity is the dilemma of macroeconomic policies. As shown in the figure below, the assumption of the dilemma and dilemma, when formulating currency targets, the decision makers can meet two of the three goals, not three, because the third goal is the opposite of the first two goals.

    The source of data: Ark Investment Management Co., Ltd., 2020
    Each side of the three -dilemma triangle is excluded from each other. For example, currency authorities that choose a fixed exchange rate and allow capital to freely flow cannot control the growth of currency supply. Similarly, the choice of fixed exchange rates and currency monetary authorities cannot accommodate the free flow of capital, and the free flow of capital that can accommodate capital and control currency supply cannot determine the exchange rate.
    Ben based on the dilemma, we can understand why fluctuations are the natural result of Bitcoin monetary policy. Contrary to modern central banks, it has no priority to consider exchange rate stability. On the contrary, based on the number of currency -based quantities, Bitcoin limits the growth of currency supply, and allows the free flow of capital to abandon the stable exchange rate. As a result, the price of Bitcoin is a function that demand is relative to its supply. Its volatility is not surprising.
    , that is, the volatility of Bitcoin is decreasing over time, as shown below. With the improvement of the adoption rate, the marginal demand of Bitcoin should account for a small proportion of its total network value, thereby reducing the range of price fluctuations. In the same cases of all other conditions, for example, a new demand of $ 1 billion with a market value of US $ 10 billion or network value, the impact on the price of Bitcoin should be greater than the $ 1 billion of $ 1 billion of $ 100 billion in a new $ 1 billion of a new US $ 1 billion. need. It is important that we believe that volatility should not exclude Bitcoin as the main reason for value storage, mainly because it usually occurs at the same time as the price rises sharply.

    The source of data: Fangzhou Investment Management Co., Ltd., 2020. Source:
    For a long time, Bitcoin's purchasing power has been greatly improved. For example, since 2011, the price of Bitcoin has increased at about 200 % per year. Although major changes in the year, since 2014, the price of Bitcoin has appreciated at the lowest price year year by year. One year.

    The source of data: Fangzhou Investment Management Co., Ltd., 2020. Source:
    claimed: Bitcoin bubble. Condition
    : Bitcoin is a competitor of global currency characters.
    It economists like Nouriel Rlesbini believe that Bitcoin is in a bubble and will suddenly disappear. The reasoning route is that Bitcoin does not have an inherent value. Its appreciation depends on speculation, such as a hot potato or tulip game, and "larger fools" willing to pay a higher price. They believe that Bitcoin is not an investable asset.
    We we believe that this statement eliminates the reasons why Bitcoin accumulates value over time. That's right, Bitcoin's behavior is not like traditional investment assets. [1] The value of equity is determined by expected cash flow. In view of the high future cash flow based on growth and/or investment capital income, stocks appreciate independent of the basis of shareholders.
    However, monetary assets such as Bitcoin are non -productive, and its appreciation depends on how it effectively maintains or increases value over time. In a sense, value propositions are cyclic: monetary assets will appreciate with the needs of more people, and if it is effective monetary assets, more people will value it. In other words, "money is a common fantasy" and "money is valuable because others think it is valuable."
    The value of currency depends entirely on the common hallucination, however, this indicates that the form of currency is arbitrary. In fact, according to the history of currency, the most common and sustainable currencies have the quality of maintaining their needs. For example, for thousands of years, due to its scarcity and alternativeness and durability, economists have regarded gold as the most successful currency form.
    We I think Bitcoin is usually called digital gold. It not only has many gold characteristics, but also improves them. Although Bitcoin is scarce and durable, it is also available, verifiable, transplantable and transferable. Its series of monetary characteristics give excellent effects, which may promote demand, and think that it is not superior to be superior. Suitable for the role of global digital currency.
    We believe that as the first batch of global digital currency competitors, Bitcoin should at least attract similar needs to gold. However, opposite to the claim that it is in a huge bubble, the network value (or market value) of Bitcoin is less than 2 % of the gold, as shown below.
    The prediction is essentially limited, so it cannot be dependent.
    Data Source: Ark Investment Management Co., Ltd., 2020. Source:
    Statement: Bitcoin will lose the value of "fork" and digital copy. Condition
    : The value of Bitcoin cannot be copied only by software.
    In the field of digital, the goods are invisible and can be easily copied without damaging the original products. Individuals can retain the original copy, such as extensively send Word documents by email. Similarly, thousands of people can listen to a song repeatedly at the same time, which actually increases the value of the original work, especially when other songwriters imitate their unique voices.
    The software of Bitcoin is no exception. It is free and open source. Individuals can copy software, "create network branches" and create their own versions. However, people who are suspicious still question that if Bitcoin is based on open source software that can be copied unlimited, how will Bitcoin scarce?
    First of all, the fork Bitcoin network will not create a new Bitcoin unit, just like the expansion Venezuela Bolivar will not add the US dollar to the US currency foundation. Instead, the fork Bitcoin will create a new network with new units or coins. Although the existing Bitcoin holders have the right to use new coins, the fork network operates under a set of independent rules supported by the unique stakeholder. Open source software does not dilute the currency supply of the original network. It not only encourages cheap experiments and new networks, but also encourages new token and competitive markets.
    The scarcity of Bitcoin is critical to its network. Today, the number of Bitcoin has reached 18 million, which is measured by 21 million after being measured by mathematical ways, as shown below. Each bitcoin links to a wallet at one time and cannot be copied. It is important that the only way to control the user Bitcoin is to access the private key to its association.

    The source of data: Fangzhou Investment Management Co., Ltd., 2020. Source:
    , when it is fork, what makes 21 million units in the Bitcoin network than 21 million units in Bitcoin (BTC) bulls such as Bitcoin cash (BCH) value? The value of Bitcoin cash is equivalent to the value of Bitcoin, and the source code of Facebook can be "bifurcated" and automatically copy the value of 2.6 billion users and 50,000 employees. Their value comes from the network effects of Bitcoin and Facebook, not just their existence.
    For Bitcoin, we believe that the network effect includes not only the hash rate dedicated to protecting the blockchain, but also the liquidity of Bitcoin and the infrastructure that supports its adoption and use. If it is diluted, the fork will have to bear the computing power, users and liquidity of Bitcoin. As shown below, Bitcoin cash and other forks seem to fail to derail the network effect of Bitcoin.

    The source of data: Fangzhou Investment Management Co., Ltd., 2020. Source:
    claimed that Bitcoin was prepared for criminals.
    counterclaim: Bitcoin is anti -review.
    C critics still accused Bitcoin of allowing criminal activities for its early evil activities. In the first few years, Bitcoin provided funds for Silk Road. The Silk Road was a online black market platform known for selling illegal drugs.
    We we believe that criticizing Bitcoin to promote criminal activities is one of the basic value propositions: review system. As a neutral technology, Bitcoin allows anyone to trade and cannot identify "criminals". It does not need to rely on concentrated permissions to identify the participants through the name or IP address, but to distinguish the participants through encrypted digital keys and addresses, thereby giving Bitcoin's strong review and review capabilities. As long as the participants pay the miners, anyone can trade anytime, anywhere. Once the guarantee is obtained, the transaction cannot be easily canceled.
    Ifinable criminal activities on the Bitcoin network, then all activities can be reviewed. Instead, Bitcoin allows anyone to exchange value without permission worldwide. This is not to make it an inherent criminal tool. Calls, cars, and the Internet are no less than Bitcoin in promoting crime activities.
    , that is, it seems that only a small part of Bitcoin transactions are for illegal purposes. According to the statement, the number of bitcoin transactions related to illegal activities is still less than 1 %, which may be the contribution to the transparency of Bitcoin. Any user can view the complete historical record of the transaction on the Internet, which indicates that physical cash is a better means to carry out illegal activities. Indeed, as described below, in fact, in terms of relatively, the share of cash transactions in illegal activities is greater than the share of cryptocurrency exchanges.

    The source of data: Fangzhou Investment Management Co., Ltd., 2020. Data source: https: //go./rs/503-fap-074/images/2020-CRYPTO-CRIME- Report.pdf
    claimed that Bitcoin wasted too much energy.
    ARCT: Bitcoin's energy consumption is higher than the energy consumption of gold and traditional banks.
    Bitcoin critics often assert that mining consumption resources are more capable of creating energy, especially energy. However, critics believe that the computing efficiency is low and cannot be expanded. The supporters not only consider the weighing of the expected trade -off, but also their basic functions. As the founder of Bit Gold and Bitcoin pioneer Nick Szabo emphasized, "a large amount of resource consumption and poor calculation can be released to achieve independence, seamless and automated integrity." R
    ARK believes that Bitcoin has the unique capabilities that provide settlement guarantees in a decentralized (or trusted minimization) method, because dedicated special hardware can transparently prove that the computer has executed expensive calculations.
    Bitcoin makes weighing very clear: By allocating a large amount of real world resources for mining, we believe that the network can ensure that each other is settled. In the proof of anatomical work, the resident of Chaincode laboratory Yu Guo Ruan explained, "Behind the scenes, the school -proof work mining kinetic energy (electricity) to the general account module. It has real weight and consequences in the physical world. "
    is easy to quantify, and the energy footprint of Bitcoin is easily criticized. However, from the perspective of power cost alone, Bitcoin is much more efficient globally more efficient than traditional banks and gold mines. The traditional banking industry consumes 2.34 billion Jiao Er (GJ) each year, the gold mining industry consumes 500 million Gella each year, and Bitcoin consumes 184 million Jiaoer, which is less than 10 % and 40 % of the traditional banking industry and gold mining. In addition, the cost of the US dollar per GJ expenditure for Bitcoin mining is 40 times higher than the traditional banking business, 10 times higher than the gold mining business.

    The source of data: Fangzhou Investment Management Co., Ltd., 2020. Source: https: // Medium/@Danhedl/Pow-IS-FICient-
    The opposite of consensus thinking, we believe that the impact of Bitcoin mining on the environment is small. Renewable energy, especially hydropower, accounts for a large proportion of Bitcoin's energy structure. As the partner of Castle Island Ventures, Nic Carter pointed out, when looking for the cheapest form of electricity, the miners will continue to rush to a large amount of renewable electricity, thereby releasing stranded energy assets, making it "the last power purchase purchase By". Regardless of the location, it can provide a highly moving basic needs for any source of electricity that can produce at the price below the current producer. "As a result, from the perspective of climate, the mining of Bitcoin may have a positive impact.
    conclusion
    The complexity of Bitcoin should not prevent financial institutions from in -depth analysis. We discussed some of the most common oppositions on bitcoin, hoping to arouse discussions and debates from the institutional investment community. As the Bitcoin network continues to mature, we believe it will consolidate Bitcoin as the role of emerging currency assets and financial institutions and financial institutions Treat it seriously.

  2. wholesale brand jewelry It can't be said that it is a scam. Generally, there are such views because you have not really learned about Bitcoin. In fact, although Bitcoin is a virtual currency, to a certain extent, it brings wealth to some people. Suspicious, but when an outsiders are unclear, just hearing, then it is easy to have this idea.

  3. wholesale jewelry vendors orange county ca Can't say that, although it is a virtual currency, but the current market economy situation, it does bring opportunities to many people, and at the same time, it is also driven by related industries, such as exchanges, etc. These are all after the emergence of Bitcoin. It is true, so if it is only said that it is a scam, it is really not objective. Because it is also bringing some wealth to some people, it has not said that they are deceiving others or how it is, but many people hit the name of Bitcoin to scam, so if you want to start, It is recommended to understand the market rules again.

  4. stainless steel jewelry china wholesale It is definitely not a scam. On the contrary, the future trend. I believe it will be a paperless cash world in less than ten years.

  5. wholesale costume jewelry nashville tn Bitcoin is a kind of product, not an act, so it is not on the Ponzi scheme.

    Is the value of Bitcoin itself, in fact, it is basically valuable, but it is the ideal of some people's currency freedom, and the other people take the opportunity to speculate.

Leave a Comment